OFG Bancorp (OFG) Stock Price, News & Analysis

+0.51 (+1.43%)
(As of 01:21 PM ET)
Today's Range
50-Day Range
52-Week Range
53,359 shs
Average Volume
241,409 shs
Market Capitalization
$1.71 billion
P/E Ratio
Dividend Yield
Price Target

OFG Bancorp MarketRank™ Stock Analysis

Analyst Rating
3.00 Rating Score
10.5% Upside
$40.00 Price Target
Short Interest
0.61% of Float Sold Short
Dividend Strength
Based on Four Factors
News Sentiment
0.68mentions of OFG Bancorp in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$1.24 M Sold Last Quarter
Proj. Earnings Growth
From $4.02 to $3.95 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.70 out of 5 stars

Finance Sector

396th out of 838 stocks

State Commercial Banks Industry

92nd out of 177 stocks

OFG stock logo

About OFG Bancorp Stock (NYSE:OFG)

OFG Bancorp, a financial holding company, provides a range of banking and financial services. It operates through three segments: Banking, Wealth Management, and Treasury. The company offers checking and savings accounts, and individual retirement accounts; certificate of deposits, as well as time deposit products; commercial, consumer, auto leasing, and mortgage lending services; credit cards; cash management; financial planning and insurance services; and corporate and individual trust, and retirement services. In addition, it provides securities brokerage and investment advisory services, including various investment alternatives, such as tax-advantaged fixed income securities, mutual funds, stocks, and bonds to retail and institutional clients; and separately-managed accounts and mutual fund asset allocation programs. Further, the company engages in the insurance agency and reinsurance businesses; administration and servicing of retirement plans; and various treasury-related functions with an investment portfolio consisting of mortgage-backed securities, obligations of U.S. government sponsored agencies, and U.S. Treasury securities and money market instruments. Additionally, it offers money management and investment banking services; and engages in the asset/liability management activities, such as purchases and sales of investment securities, interest rate risk management, derivatives, and borrowings. The company provides investment brokerage, transactional, international trade financing, residential mortgage, and consumer finance services. OFG Bancorp was founded in 1964 and is headquartered in San Juan, Puerto Rico.

OFG Stock Price History

OFG Stock News Headlines

SHOCKING Crypto Leak…
A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024.
OFG Bancorp (OFG) Q1 2024 Earnings Call Transcript
OFG: Q1 Earnings Snapshot
OFG Bancorp Reports 1Q24 Results
SHOCKING Crypto Leak…
A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024.
Wells Fargo Reaffirms Their Buy Rating on OFG Bancorp (OFG)
OFG Mar 2024 50.000 call
OFG Bancorp (NYSE:OFG) Q4 2023 Earnings Call Transcript
OFG Bancorp Q4 Net Profit Climbs, Beats Estimates; Revenue Improves
OFG Bancorp Reports 4Q23 & 2023 Results
See More Headlines
Receive OFG Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for OFG Bancorp and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Ex-Dividend for 4/15 Dividend
Dividend Payable
Last Earnings
Next Earnings (Estimated)
Fiscal Year End

Industry, Sector and Symbol

State commercial banks
Regional Banks
Year Founded

Price Target and Rating

Average Stock Price Target
High Stock Price Target
Low Stock Price Target
Potential Upside/Downside
Consensus Rating
Rating Score (0-4)
Research Coverage
1 Analysts


Net Income
$181.87 million
Pretax Margin


Sales & Book Value

Annual Sales
$640.14 million
Cash Flow
$4.49 per share
Book Value
$25.36 per share


Free Float
Market Cap
$1.68 billion
Beginner's Guide to Pot Stock Investing Cover

Click the link below and we'll send you MarketBeat's guide to pot stock investing and which pot companies show the most promise.

Get This Free Report

Key Executives

  • Mr. Jose Rafael Fernandez (Age 60)
    President, CEO & Vice Chairman
    Comp: $1.93M
  • Ms. Maritza Arizmendi Diaz CPA (Age 56)
    Esq., Chief Financial Officer
    Comp: $742.93k
  • Dr. Ganesh Kumar (Age 60)
    Chief Strategy Officer of U.S. Business
    Comp: $1.34M
  • Mr. Cesar A. Ortiz-Marcano CPA (Age 49)
    Esq., Chief Risk Officer
    Comp: $435.31k
  • Mr. Patrick J. Haggarty (Age 64)
    Managing Director of Commercial Banking
    Comp: $432.49k
  • Krisen Aguirre Torres
    Vice President Financial Reporting & Accounting Control
  • Mr. Gary M. Fishman
    IR Contact
  • Ms. Jennifer Zapata Nazario
    Managing Director of Human Resources
  • Ms. Mari Evelyn Rodríguez Mimoso (Age 53)
    Chief Retail Banking Officer
  • Mr. Ramón A. Rosado-Linera (Age 60)
    Senior VP & Director of the U.S. Loan Program
    Comp: $353.42k

OFG Stock Analysis - Frequently Asked Questions

Should I buy or sell OFG Bancorp stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for OFG Bancorp in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" OFG shares.
View OFG analyst ratings
or view top-rated stocks.

What is OFG Bancorp's stock price target for 2024?

1 brokerages have issued 1-year price targets for OFG Bancorp's stock. Their OFG share price targets range from $40.00 to $40.00. On average, they anticipate the company's share price to reach $40.00 in the next twelve months. This suggests a possible upside of 10.5% from the stock's current price.
View analysts price targets for OFG
or view top-rated stocks among Wall Street analysts.

How have OFG shares performed in 2024?

OFG Bancorp's stock was trading at $37.48 at the beginning of the year. Since then, OFG stock has decreased by 3.4% and is now trading at $36.21.
View the best growth stocks for 2024 here

Are investors shorting OFG Bancorp?

OFG Bancorp saw a decrease in short interest in March. As of March 31st, there was short interest totaling 279,500 shares, a decrease of 49.5% from the March 15th total of 553,100 shares. Based on an average daily volume of 249,000 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.6% of the company's stock are sold short.
View OFG Bancorp's Short Interest

When is OFG Bancorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 18th 2024.
View our OFG earnings forecast

How were OFG Bancorp's earnings last quarter?

OFG Bancorp (NYSE:OFG) released its earnings results on Thursday, April, 18th. The bank reported $1.05 earnings per share for the quarter, beating analysts' consensus estimates of $0.95 by $0.10. The bank earned $213.49 million during the quarter, compared to analyst estimates of $175.20 million. OFG Bancorp had a net margin of 23.00% and a trailing twelve-month return on equity of 16.10%. During the same quarter in the prior year, the firm posted $0.96 EPS.

How often does OFG Bancorp pay dividends? What is the dividend yield for OFG Bancorp?

OFG Bancorp declared a quarterly dividend on Wednesday, January 31st. Investors of record on Thursday, March 28th will be given a dividend of $0.25 per share on Monday, April 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date is Wednesday, March 27th. This is an increase from the stock's previous quarterly dividend of $0.22.
Read our dividend analysis for OFG

Is OFG Bancorp a good dividend stock?

OFG Bancorp (NYSE:OFG) pays an annual dividend of $1.00 per share and currently has a dividend yield of 2.87%. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 25.58%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OFG will have a dividend payout ratio of 25.32% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for OFG.

What ETFs hold OFG Bancorp's stock?

ETFs with the largest weight of OFG Bancorp (NYSE:OFG) stock in their portfolio include Invesco Dorsey Wright Financial Momentum ETF (PFI).Vanguard US Multifactor ETF (VFMF).

What is José Rafael Fernández's approval rating as OFG Bancorp's CEO?

15 employees have rated OFG Bancorp Chief Executive Officer José Rafael Fernández on Glassdoor.com. José Rafael Fernández has an approval rating of 89% among the company's employees.

What other stocks do shareholders of OFG Bancorp own?

Based on aggregate information from My MarketBeat watchlists, some companies that other OFG Bancorp investors own include Intelsat (I), Callon Petroleum (CPE), Cleveland-Cliffs (CLF), Range Resources (RRC), Fossil Group (FOSL), Bank of America (BAC), AMC Entertainment (AMC), First Data (FDC), Associated British Foods (ABF) and Coeur Mining (CDE).

Who are OFG Bancorp's major shareholders?

OFG Bancorp's stock is owned by many different retail and institutional investors. Top institutional investors include Allspring Global Investments Holdings LLC (0.65%) and First Trust Direct Indexing L.P. (0.01%). Insiders that own company stock include Cesar A Ortiz, Edwin Perez, Ganesh Kumar, Jesus Nestor De, Jorge Colon, Jose Rafael Fernandez, Julian Inclan and Patrick J Haggarty.
View institutional ownership trends

How do I buy shares of OFG Bancorp?

Shares of OFG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:OFG) was last updated on 4/23/2024 by MarketBeat.com Staff

From Our Partners